Accounting, business and technology insights for those who are blazing their own trail to success.

Report from Support (July Edition)

It's been a busy month here at Kashoo HQ, led primarily by the release of the new Kashoo iPhone app. (If you haven't checked it out, download it now!) That said, here's the latest from Kashoo Support...

Lumping

There have been a number of inbound support queries that ask about what to do when single deposit at the bank comprised of several checks from several invoices gets lumped together. For example, say you go to the bank to deposit six $500 checks. On your bank statement, that might appear as a $3,000 deposit. But you need your bank statement to match your invoices. So your options are either...

At the bank, fill out a deposit slip for each check. In the example above, that'd be six deposit slips. (It's obvious why that solution might not be all that awesome.)